DUBAI (Reuters) - A committee of Iranian lawmakers has rejected a government plan to increase prices for subsidised food and fuel in a move that threatens to derail a drive to rein in the country's sanctions-squeezed budget, Iranian media reported late on Saturday.
International sanctions imposed over Iran's nuclear programme have sharply reduced the amount of money Tehran earns from oil, upping pressure on President Mahmoud Ahmadinejad to push through cuts in government spending worth tens of billions of dollars by scaling back subsidies for the population.
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